AUDUSD Movement
For the 24 hours to 23:00 GMT, the AUD rose 0.3% against the USD and closed at 0.7119 on Friday.
LME Copper prices rose 0.7% or 44.5/MT to $6191.5/MT. Aluminium prices rose 0.7% or $15.0/MT to $2022.5/MT.
In the Asian session, at GMT0300, the pair is trading at 0.7109, with the AUD trading 0.14% lower against the USD from Friday’s close.
The pair is expected to find support at 0.7081, and a fall through could take it to the next support level of 0.7054. The pair is expected to find its first resistance at 0.7143, and a rise through could take it to the next resistance level of 0.7178.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
